July 23, 2020

Value of storage goes up with share of renewables but costs declines still vital, new study finds

The value of energy storage increases with growing shares of renewable energy on the grid, but the availability and cost of storage will determine how successful decarbonisation with renewables can be. That’s one of the key takeaways of a new study from the Massachusetts Institute of Technology (MIT) and Princeton University’s Andlinger Center for Energy and the Environment (ACEE), supported by General Electric (GE). 

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